what would be a good investment for me to put about a grand into so she yes she will have a start at 18
2007-03-06 07:39:15 · 3 answers · asked by dan v 2 in Business & Finance ➔ Renting & Real Estate
Buy some blue-chip stock - You can get stock from many of the top firms directly from their investor relations departments. Ask them about their DRIP (Dividend Reinvestment Program). The dividends paid on the stock automatically goes into new stock. Disney, Coke, AT&T, Microsoft... Harley-Davidson - give the gift a personality!
As an alternative, you can buy a mutual fund (I like the S&P indexed funds for this scenario) and let the dividends roll back as well. You can also buy them in the childs name and name yourself as the custodian until 18 (and keep the ungrateful parents away from it...)
Congrats and good luck!
Quality, intimate interaction with positive male rolemodels is the most effective deterrant to early sexual activity and teen pregnancy. Spend lots of time with your granddaughter and build her confidence and self-worth by making it clear that she is your special girl! You and Dad have a big responsibility!
2007-03-06 09:10:45 · answer #1 · answered by sdmike 5 · 0⤊ 0⤋
Congratulations - grandparenthood is great!
I'd put the money into a growth-oriented mutual fund
2007-03-06 07:53:53 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
a Vanguard investment account. It is completely safe, and has a high yield. congrats on your granddaughter ;-)
2007-03-06 07:51:39 · answer #3 · answered by wellaem 6 · 0⤊ 0⤋